DEVELOP'U: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DEVELOP'U
Largest movements
- Tangible fixed assets +€45,923
up €45,923 (+3,440%), from €1,335 to €47,258
of which Leasing and similar rights: +€46,592
- Cash -€31,009
down €31,009 (-25.6%), from €121,276 to €90,267
mainly Investment in fixed assets (net) (-€53,078) and Contributions, distributions and other (-€30,000)
- Receivables within one year -€9,707
down €9,707 (-54.6%), from €17,763 to €8,056
- Deferred charges and accrued income +€8,521
up €8,521 (+9,467%), from €90 to €8,611
- Debts after one year +€35,386
new in 2025: €35,386
- Other debts -€23,418
down €23,418 (-36.7%), from €63,852 to €40,434
- Current portion of long-term debt +€10,616
new in 2025: €10,616
- Advances received -€5,300
no longer reported in 2025 (was €5,300)
- Profit (loss) carried forward -€4,169
down €4,169 (-13.8%), from €30,268 to €26,099
- Gross operating margin +€6,901
up €6,901 (+19.5%), from €35,422 to €42,324
- Depreciation +€6,486
up €6,486 (+969%), from €669 to €7,155
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €140,464 | €154,192 | +€13,728 | +9.8% |
| Fixed assets | 21/28 | €1,335 | €47,258 | +€45,923 | +3,440% |
| Tangible fixed assets | 22/27 | €1,335 | €47,258 | +€45,923 | +3,440% |
| Furniture and vehicles | 24 | €1,335 | €666 | -€669 | -50.1% |
| Leasing and similar rights | 25 | - | €46,592 | +€46,592 | |
| Current assets | 29/58 | €139,129 | €106,934 | -€32,196 | -23.1% |
| Amounts receivable within one year | 40/41 | €17,763 | €8,056 | -€9,707 | -54.6% |
| Trade receivables | 40 | €17,763 | €8,056 | -€9,707 | -54.6% |
| Cash at bank and in hand | 54/58 | €121,276 | €90,267 | -€31,009 | -25.6% |
| Deferred charges and accrued income | 490/1 | €90 | €8,611 | +€8,521 | +9,467% |
| Total equity and liabilities | 10/49 | €140,464 | €154,192 | +€13,728 | +9.8% |
| Equity | 10/15 | €50,728 | €46,559 | -€4,169 | -8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €30,268 | €26,099 | -€4,169 | -13.8% |
| Amounts payable | 17/49 | €89,736 | €107,633 | +€17,897 | +19.9% |
| Amounts payable after more than one year | 17 | - | €35,386 | +€35,386 | |
| Financial debts | 170/4 | - | €35,386 | +€35,386 | |
| Amounts payable within one year | 42/48 | €89,736 | €72,248 | -€17,489 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | - | €10,616 | +€10,616 | |
| Trade debts | 44 | €1,215 | €1,164 | -€51 | -4.2% |
| Suppliers | 440/4 | €1,215 | €1,164 | -€51 | -4.2% |
| Advances received on contracts in progress | 46 | €5,300 | - | -€5,300 | |
| Taxes, remuneration and social security | 45 | €19,370 | €20,034 | +€664 | +3.4% |
| Taxes | 450/3 | €17,370 | €18,034 | +€664 | +3.8% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €63,852 | €40,434 | -€23,418 | -36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €669 | €7,155 | +€6,486 | +969% |
| Other operating charges | 640/8 | €790 | €1,000 | +€209 | +26.5% |
| Gross operating margin | 9900 | €35,422 | €42,324 | +€6,901 | +19.5% |
| Operating profit (loss) | 9901 | €33,963 | €34,169 | +€207 | +0.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €157 | €174 | +€17 | +11.0% |
| Recurring financial charges | 65 | €157 | €174 | +€17 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €33,806 | €33,995 | +€189 | +0.6% |
| Income taxes | 67/77 | €8,370 | €8,164 | -€206 | -2.5% |
| Profit (loss) for the period | 9904 | €25,436 | €25,831 | +€395 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,436 | €25,831 | +€395 | +1.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.